Do you only offer VA loans?

I am a full service mortgage broker. Although VA is the majority of what I do, I also have other mortgages like FHA, Conventional, USDA and Non QM.

Do you only service the Dayton and Cincinnati markets?

Dayton and Cincinnati are the majority of my business. However, I'm authorized to offer mortgage loans in 40 states. For loans outside of these areas, I can refer them to friends in the business.

Mortgage Programs | Carlos Scarpero- Dayton and Cincinnati Ohio Mortgage Broker

VA Mortgages

VA mortgages allow Veterans to purchase real estate at great rates with no money down. We offer both purchase and refinance VA mortgage loans.

Down Payment Required: None
Minimum Credit Score: None
Other Requirements: Must be a Veteran
Cash Out Refi Limit: 100% of property value

Click here to view frequently asked questions about VA mortgage loans

Conventional Mortgages

Conventional mortgages from Fannie Mae and Freddie Mac allow great rates and terms to borrowers with excellent credit. Great for both purchases and refinances.

Down Payment Required: 3-5%, depending on program
Minimum Credit Score: 620
Maximum Debt Ratio: Depending on program, can be as high as 50%
Cash Out Refi Limit: 80% of property value
Click here to view frequently asked questions about Conventional mortgage loans

FHA Mortgages

FHA mortgages are great for borrowers who want a low down payment, have a lower credit score or issues with the credit like a foreclosure or a bankruptcy. Can be used for both a purchase and a refinance mortgage loan.
Minimum Down Payment: 3.5%
Minimum Credit Score: 580, or can do 550 with 10% down
Maximum Debt Ratio: 56.9%
Cash Out Refi Limit: 85% of property value

Click here to view frequently asked questions about FHA mortgage loans